VP, Private Banker

Gateway First Bank

$125K — $150K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Advanced understanding of private banking policies and practices.
  • Strong knowledge of credit and deposit products.
  • Excellent communication and relationship management skills.
  • Proficiency with MS Office applications.
  • Ability to serve as a trusted advisor and foster long-term client relationships.
  • Expertise in assessing and recommending tailored loan structures for clients.
  • Upholding company values such as growth orientation and teamwork.

Responsibilities

  • Provide customized credit solutions and attract deposits from high net worth individuals.
  • Identify and pursue potential new clients through various channels.
  • Cultivate and expand client relationships by leveraging organizational resources.
  • Manage all aspects of private banking services for affluent clients.
  • Develop strategic objectives including deposit and loan volume targets.
  • Implement operational processes and team development to meet banking goals.
  • Consult on complex credit decisions and oversee high-value accounts.
  • Propose loan opportunities for credit assessment and due diligence.
  • Assist clients in opening and servicing accounts according to policies.
  • Analyze client financial requirements to provide tailored solutions.
  • Monitor and adapt to clients' evolving financial needs and strategies.
  • Ensure compliance with legal and regulatory standards regarding banking activities.

Benefits

  • Health, dental, and vision insurance.
  • 401(k) retirement plan with company match.
  • Professional development and training opportunities.
  • Generous paid time off and holiday schedules.
  • Wellness programs and employee assistance resources.
Full Job Description
VP, Private Banker JOB SUMMARY:
The VP, Private Banker manages a private banking portfolio of high net worth individuals using banking strategies, solutions, and advice that is customized to the client's needs. Develops and maintains client relationships by engaging the resources of other parts of the organization to provide meaningful and personalized service. Acts as advisor, providing financial information and insight.

VP, Private Banker ESSENTIAL FUNCTIONS (RESPONSIBILITIES):

* Provides credit solutions and gathers deposits from wealthy individuals.

* Sources new potential clients using a variety of methods.

* Ensures that client relationships are developed and expanded and that the resources of the entire organization are properly leveraged to provide efficient and personalized service delivery.

* Oversees all aspects of private banking activities that service the needs of high net-worth clients.

* Develops strategy and objectives that include deposit and loan volume goals and effective marketing plans.

* Implements operations, processes, and team development programs to enhance the achievement of private banking objectives.

* Acts as a consultant for high value or complex credit decisions.

* Oversees a portfolio of highly complex accounts.

* Identifies and proposes loan opportunities for credit review and underwriting.

* Opens and services accounts within authorized limits.

* Analyzes financial, tax, and credit needs of customers.

* Monitors customers' changing needs and facilitates the implementation of strategies that utilize company products/services.

* Exercises awareness with regard to possible suspicious activity, money laundering or fraudulent behavior and reports any such incidents to the BSA department. Performs all job functions in compliance with all company policies and federal, state, and local laws and regulations as applicable to the position, including, but not limited to BSA/AML, OFAC and GLBA/privacy rules.

* Performs related responsibilities as required or assigned.

VP, Private Banker REQUIRED QUALIFICATIONS:

Knowledge/Skills/Abilities
* Advanced knowledge of private banking policies, procedures, and practices.
* Advanced knowledge of credit and deposit products and operations.
* Outstanding interpersonal and communications skills with an emphasis on establishing, maintaining, and growing client relationships.
* Proficient in MS Office.
* Ability to provide service and advice to clients as a trusted advisor.
* Ability to promote client interest in establishing an ongoing relationship beyond transactional business.
* Ability to comprehend a client's credit needs and to recommend loan structures specific to those needs.
* Exemplifies the Gateway Values: Growth Oriented, Make a Difference, "Get it Done" Attitude, Team Player, Do the Right Thing.

Equivalent Education/Experience
* Bachelor's degree in business administration, finance, accounting, economics preferred. .
* 10 years of banking experience.
* Formal bank credit training a plus.

VP, Private Banker SPECIAL JOB DIMENSIONS:

Work requires conformation to tight deadlines, working with highly sensitive or confidential information.

NOTE: The essential job functions and associated qualifications contained in this document describe the general nature and level of the work performed. They are not intended to represent an exhaustive listing or be inclusive of all aspects of the job. The tasks and procedures involved in the performance of the essential job functions may vary from day-to-day. Major changes in areas of responsibility may occur, as directed by management, and will require revision of this job description.

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